Press release
The deadline expired on December 15, 2009 for paying out dividends on the preferred and common shares of North-West Telecom, which accrued on the results of the Company’s financial activity in 2008.
The total amount of dividends payable on the shares of North-West Telecom stood at 839,219,000 (23.17% of the Company’s net profit in 2008), of which:
- RUR 300,080,000 fell to preferred shares;
- RUR 539,140,000 fell to common shares.
The decision to disburse and the amount of dividends payable was approved by the General Meeting of Shareholders of NWT, which was held on June 22, 2009 (see Press Release dated June 23, 2009).
The total amount expected to be paid out as dividends for 2008 equals RUR 864,328,000. Dividends on NWT’s shares were allocated as follows:
- RUR 320,723,000 on preferred shares (RUR 1.281 per share);
- RUR 543,605,000 on common shares (RUR 0.617 per share).
As of December 15, a total of RUR 25,209,000 remains unpaid (about 3% of the aggregate amount). These were the dividends of shareholders whose applications were incomplete, incorrect or showed invalid bank details for the receipt of dividends.
